Barings Bdc Inc Financials
This page shows Barings Bdc Inc (BBDC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash generation is outpacing reported earnings while leverage rises, making financing structure more important than conventional revenue analysis.
From FY2023 to FY2025, operating cash flow climbed from$76.9M to$160.5M even as net income fell from$128.0M to$101.9M , so reported profitability understates cash movement across the period. The divergence points to timing or noncash effects, but these figures do not isolate which.
Debt-to-equity rose from 0.6x in FY2023 to 1.0x in FY2025, indicating greater reliance on debt relative to shareholder capital. Because total assets were broadly flat, the change reflects a more leveraged balance-sheet posture rather than simple expansion. Interest expense remained near
In FY2025, dividends paid were
Financial Health Signals
Barings Bdc Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Barings Bdc Inc passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, Barings Bdc Inc generates $1.58 in operating cash flow ($160.5M OCF vs $101.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Barings Bdc Inc reported $101.9M in net income in fiscal year 2025. This represents a decrease of 7.6% from the prior year.
Barings Bdc Inc earned $1.12 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 9.7% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Barings Bdc Inc held $66.8M in cash against $1.2B in long-term debt as of fiscal year 2025.
Barings Bdc Inc paid $1.19 per share in dividends in fiscal year 2025. This represents an increase of 14.4% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Barings Bdc Inc's ROE was 8.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Barings Bdc Inc spent $6.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 1.4% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
BBDC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $1.9M-16.8% | $2.3M | N/A | $1.9M-17.3% | $2.3M+35.4% | $1.7M | N/A | $2.4M |
| Interest Expense | $19.9M+5.3% | $18.9M | N/A | $21.5M-3.0% | $22.2M+9.8% | $20.2M | N/A | $22.6M |
| Net Income | N/A | $20.0M | N/A | N/A | N/A | $32.6M | N/A | N/A |
| EPS (Diluted) | $0.28+12.0% | $0.25-7.4% | $0.27-15.6% | $0.32+14.3% | $0.28+12.0% | $0.25-10.7% | $0.28-3.4% | $0.29 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, Income Tax.
BBDC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B-0.6% | $2.6B-1.4% | $2.6B-6.6% | $2.8B+1.0% | $2.8B+0.1% | $2.8B+3.5% | $2.7B+3.5% | $2.6B |
| Cash & Equivalents | $69.9M-27.0% | $95.7M+43.3% | $66.8M-19.7% | $83.2M+68.9% | $49.3M-51.0% | $100.6M+10.2% | $91.3M+38.4% | $66.0M |
| Total Liabilities | $1.4B-0.6% | $1.4B-2.0% | $1.5B-10.8% | $1.7B+2.3% | $1.6B+0.9% | $1.6B+6.5% | $1.5B+6.7% | $1.4B |
| Long-Term Debt | $1.1B-0.4% | $1.1B-6.8% | $1.2B-4.9% | $1.3B+23.9% | $1.0B+0.3% | $1.0B+0.6% | $1.0B-0.9% | $1.0B |
| Total Equity | $1.1B-0.7% | $1.2B-0.6% | $1.2B-0.5% | $1.2B-0.8% | $1.2B-1.1% | $1.2B-0.1% | $1.2B-0.3% | $1.2B |
| Retained Earnings | -$718.4M-1.3% | -$709.5M-1.0% | -$702.3M-3.6% | -$677.9M-1.4% | -$668.9M-1.8% | -$656.8M0.0% | -$656.7M-0.2% | -$655.1M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities.
BBDC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.8M-76.8% | $68.0M-66.8% | $204.5M+1141.3% | $16.5M+131.3% | -$52.7M-580.0% | -$7.8M+82.8% | -$45.2M-287.3% | $24.1M |
| Financing Cash Flow | -$41.6M-6.4% | -$39.1M+82.3% | -$221.0M-1364.9% | $17.5M+1189.2% | $1.4M-92.0% | $17.0M-75.8% | $70.5M+265.9% | -$42.5M |
| Dividends Paid | $27.2M0.0% | $27.2M-0.4% | $27.3M-16.1% | $32.6M-0.1% | $32.6M-0.1% | $32.7M+19.1% | $27.4M-0.2% | $27.5M |
| Share Buybacks | $0 | $0-100.0% | $4.0M | $0-100.0% | $888K-38.8% | $1.5M-1.2% | $1.5M-25.0% | $2.0M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Investing Cash Flow.
BBDC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | N/A | 1.7% | N/A | N/A | N/A | 2.7% | N/A | N/A |
| Return on Assets | N/A | 0.8% | N/A | N/A | N/A | 1.2% | N/A | N/A |
| Debt-to-Equity | 0.980.0x | 0.97-0.1x | 1.040.0x | 1.08+0.2x | 0.870.0x | 0.860.0x | 0.850.0x | 0.85 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, FCF Margin.
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Where Barings Bdc Inc Ranks
Frequently Asked Questions
Is Barings Bdc Inc profitable?
Yes, Barings Bdc Inc (BBDC) reported a net income of $101.9M in fiscal year 2025.
How much debt does Barings Bdc Inc have?
As of fiscal year 2025, Barings Bdc Inc (BBDC) had $66.8M in cash and equivalents against $1.2B in long-term debt.
Does Barings Bdc Inc pay dividends?
Yes, Barings Bdc Inc (BBDC) paid $1.19 per share in dividends during fiscal year 2025.
What is Barings Bdc Inc's return on equity (ROE)?
Barings Bdc Inc (BBDC) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Barings Bdc Inc's operating cash flow?
Barings Bdc Inc (BBDC) generated $160.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Barings Bdc Inc's total assets?
Barings Bdc Inc (BBDC) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Barings Bdc Inc's debt-to-equity ratio?
Barings Bdc Inc (BBDC) had a debt-to-equity ratio of 1.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Barings Bdc Inc's return on assets (ROA)?
Barings Bdc Inc (BBDC) had a return on assets of 3.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Barings Bdc Inc's Piotroski F-Score?
Barings Bdc Inc (BBDC) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Barings Bdc Inc's earnings high quality?
Barings Bdc Inc (BBDC) has an earnings quality ratio of 1.58x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.